Learn to code. It’s great for the ego.
ChainAnalysis is the government’s crypto version of PCR. If you don’t understand why it’s all made up then you should start or have fun being captive.
Trying to figure out what this was - I think it was a link to my latest podcast episode.
Nostr is early. Go check out Rock-Paper-Bitcoin !
That’s a whole other issue. They don’t actually custody their coins. I know that will change and more and more businesses will self custody in the future.
But they will never have the kind of Diamond hands that a HODL’er can have.
States and corporations USE bitcoin - but once that use is done, they will no longer hold. They will pay for goods and services or back debt using Bitcoin. They will innovate to make their utility of use more valuable.
They don’t have the wiring to HODL - it’s unique to human individuals.
Institutions are not individuals. They don’t act to better themselves the same way an individual does. An individual working for the benefit of an institution will only and always act to benefit himself over that institution. I believe this to be Praexeologic Law but for now it will stand as a theory until proven.
By this theory, people thinking Bitcoin will be HODL’ed by an institution is insanity. HODL’ing is a purely human action by an individual insisting on a low time preference for himself.
There is little room for individuals holding onto a low time preference to simultaneously hold a lower time preference for an institution.
Even #[0] had to demote himself from his institution to maintain the energy required to HODL. There are countless other examples of this including Satoshi who had to disappear to ensure his coins remain untouched forever (his form of HODL’ing)
More to come on this.
An annuity is a pre funded stream of payments that is not tied to debt issuance - very much resembling how Lightning channels are intended to work.
https://risk-fundamentals.ghost.io/building-annuities-on-the-lightning-protocol/
Bumping for miniscript influence. Great rip! nostr:note1ekl80jcgs9j5a8wepa5aqvh6yp20kz3vwh6xunm9q7ysgh89vv7qevgdd9
If you attended Bitcoin 2023 and couldn’t find enough Pleb signal, it might be a you thing.
Bitcoin allows people to be individuals.
Lightning allows people to voluntarily join a collective while preserving their right to individualism.
The key assumption driving Bitcoin energy FUD is that energy is scarce. It isn’t. Energy is infinite.
What is scarce is a human’s time and willingness to convert that energy into the power required to do work.
Bitcoin is exposing a fundamental contradiction that there are people who anoint themselves as a ruler and determiner of what a person decides is best to do with their time.
Additionally, Bitcoin is exposing those self-anointed rulers as those who rule by cooperation or by coercion.
You need not really know a thing about Bitcoin to see it as a Rosetta Stone that exposes statists and tyrants.
#phish
https://m.youtube.com/watch?v=9sZ7qu8aFoA
Lots of signal here. It’s all about the network effect. Birds of a Feather are flocking outside.
Plebs are everywhere and without them, there is no Bitcoin dream. In BTC we’re hornets, on Nostr we’re ostriches.
📰📰📰 #BTC #News #Alert 📰📰📰
Clash of Presidential Contenders: Bitcoin Gains Prominence as ... - Bitcoin News
Source: https://tinyurl.com/2f5wfgcj
One of them showed us he’s on the rabbit hole - the other told us how he wants to use us.
RFK is not on Vivek’s intellectual level but Vivek is nowhere near RFK as a Bitcoiner.
A well known Bitcoin influencer I got to meet asked me what I thought the most significant thing i learned was at the conference - I said “Splicing on Lightning”.
He looked at me with the same look ppl gave me when they politely asked “what I do in the industry” and find out I’m just a pleb
In Miami airport just pinging randoms on Orange Pill App hoping to meet a Pleb in the terminal.
My experience of Bitcoin 2023 is vastly different from how Twitter documents it. I saw no wizards, I evaded shitcoiners and ambitious shills for sport.
But I got what a big deal Bitcoin is. I got a lot of honest assessments of the problems we face and the best current thinking around how to navigate them.
I got that US Presidential candidates care about us - some enough to meet us in the rabbit hole, others enough to tell us how they wish to use us.
I also got that plebs are winning and have boundless energy to build. This is what I take home as I challenge myself to be a value adder and producer for this special community.
Reflecting on Bitcoin 2023 - I have more conviction in Bitcoin because of how many amazing and intelligent plebs I met and got to talk to.
The signal is strong.
The problems are real.
The world WILL adapt.
Bitcoin will make it.
Pura Vida from Miami. It’s great to see so many plebs - it impacts you.